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Manufacturing R&D Credits

If your company has invested time, money and resources to the advancement and improvement of your company’s product or processes, then you likely qualify for the Federal R&D Tax Credit Incentive Program.

However, many firms are unaware of how or even what to qualify; thus, the opportunity goes unclaimed.

Prairie Advisors Group (PAG) works with you risk free to analyze your business and to determine the maximum amount of available incentives.

We provide a free consultation and feasibility report to determine the cash benefit prior to moving forward.

The R&D Tax Credit Opportunity

  • A hidden and immediate source of cash for many small and mid-size companies
  • A significant reduction to current and future year’s federal and state tax liabilities
  • Over $5 Billion in federal R&D tax credit benefits are given out annually
  • Approximately 80% of the $5 Billion goes to a few of the nation’s largest companies
  • Every successful company is potentially eligible for an R&D tax credit of some amount
  • Many companies are unaware their day-to-day operations can qualify
The 20% research tax credit is not a deduction. It’s a dollar-for-dollar credit against taxes owed or taxes paid.

A business can take the credit for all open tax years – generally the last three, or four years plus the current year.

Additional years may be available if taxpayer is in a net operating loss or alternative minimum tax position.

Benefits to Your Business

  • Significant credits/cash back from previous 3 open years
  • $1 for $1 reduction on current year’s taxable liability
  • Additional tax savings in the future
  • Unutilized credits are carried back 1 year and then carried forward up to 20 years

Prairie Advisors Group will provide a free consultation and feasibility report to determine the benefit.  The fee charged upon initiating the project is dependent upon the size and scope of the project.

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